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Great for corporate borrowers of USD-denominated debt. Sucks to be foreign banks holding such debt.
Another dimension of QE2?
Anyway, let's hope it doesn't continue to erode further cuz many commodities move counter to USD movement. USD sinks, oil goes up. Oil goes up, food prices go up (due to petrol-based fertilizer prices going up). No real clear solution short of the US getting its fiscal house in order--good luck with that. It's got an entitlements house of cards to keep up--with more and more debt
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